Welcome to my CMI Gold & Silver Review!
CMIGS’ mission is to guide and direct investors into the precious metal that best fits their investment goals while offering the lowest prices available.
Are they able to do so? and if yes, how?
Let’s know more about this company in this CMI Gold & Silver Review!
What is CMI Gold & Silver Review?
- Name: CMI Gold & Silver
- Website: https://www.cmi-gold-silver.com/
- CEO/Owner: Bill Haynes/ Mike Haynes
- Price: No Minimum Order
- Rating: 4.4/5.0
Headquartered in Phoenix, Arizona, CMI Gold & Silver Inc. is one of the oldest gold and silver dealers in the United States and has played a major role in introducing investors to buying gold and silver.
Although domiciled in Phoenix, Arizona, CMIGS buys and sells gold and silver with investors across the United States and serves all the Phoenix metropolitan areas: Scottsdale, Mesa, Chandler, Gilbert, Glendale, Peoria, and Sun City.
Because Arizona is the nation’s largest copper-producing state and the nation’s fifth-largest silver producer, Phoenix is also the home of major mining companies.
In 1973, when silver was only $2.00, CMIGS’ founder, a longtime Phoenix resident with ties to Arizona’s mining interests, recognized the growing uses for silver and the dwindling silver stockpiles would result in higher silver prices. Consequently, CMIGS was launched to sell silver bullion to investors. Silver hit $50 in 1980 and in 2011.
Products and Services of CMIGS
Gold investment coins provide hedges against currency debasement and devaluation. Yet when investors search the Internet for information about gold investments, they often are confused by the many sites that promote numismatic and collector coins, which sell at high premiums to their gold content.
Gold bullion coins, on the other hand, sell at small premiums over the value of their gold content and make the best gold investments. This website attempts to clear up any confusion by offering information on gold, explaining the advantages of bullion gold coin investments over numismatic coins and discussing the attributes that make gold bullion coins the best gold investment.
Gold coins are the most popular way to invest in physical gold, the second most popular being gold bullion bars. Basically, there are two types of gold coins: bullion coins and numismatic coins.
Gold coins are a great way to grow the worth of your assets without having to be backed by a bank or government and can be sold in nearly every country in the world. Buying gold is also a way to ensure you will have a useable asset that will be in high demand in a time of crisis.
As investment vehicles, gold bars are gaining in popularity primarily because gold bars carry much lower premiums than gold bullion coins carry.
Gold bars for sale include 1-oz gold bars, 10-oz gold bars, kilo gold bars, and 100-gram gold bars. All these gold bars are .9999 fine (99.99 pure.)
The silver investment market offers a variety of silver bullion products. This overview provides brief discussions of the advantages and disadvantages of buying the most popular silver bullion and silver coin investments.
For silver coins to be eligible for IRAs, they must be at least a .999 fine, which means that American Silver Eagles, Silver Maple Leafs, Silver Kangaroos, and Silver Philharmonics are eligible for IRAs. Junk silver coins are not.
Buying .999 fine silver bars is one of the most popular ways to invest in silver bullion, with 100-oz bars dominating the market. Of the various 100-oz silver bars produced, the Royal Canadian Mints are currently the most popular.
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Reviews and Ratings of CMIGS
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What I LIKE About CMIGS
A Lot of Good Reviews
The company has a lot of good reviews! So, people who have tried their services are satisfied!
That’s a very important aspect when it comes to investing!
No Minimum Orders
CMI currently has no minimum orders for gold and silver bullion purchases.
At times, limited quantities of gold and silver products are available on their Gold Specials page and their Silver Specials page.
They Buy Gold and Silver
If you are interested in selling gold or silver, visit their page dedicated to selling gold and silver to CMI. CMI Gold & Silver Inc. is the nation’s oldest bullion dealer.
They stand ready to buy most gold, silver, platinum, and palladium bullion products. Much the same as buying (payment must be remitted same day), the product must be shipped to us the same day.
CMI strives to ensure client confidentiality. Consequently, they do not put clients’ names on invoices, thereby providing even more investment privacy and protecting them from record theft. This became policy in the mid-1970s as CMI pioneered the bullion precious metals industry in Phoenix, AZ.
At CMI, they recognize the importance of keeping precious metals transactions as private as possible; therefore, we require no account set-up, no 8-page account agreement to sign, and no credit card or social security numbers to secure your trades.
What I HATE About CMIGS
Limited Payment Options
PAYMENT BY CHECK
CMI accepts payment by check, either personal, company, or cashier’s check.
For check payments less than $25,000, it will be 5 business days before the product is released for shipment. For checks greater than $25,000, it will be 10 business days before the product is released for shipment.
PAYMENT BY BANK WIRE TRANSFER
Payment by bank wire transfer means that your order can be shipped generally within 24 to 48 hours.
Does Not Offer IRA Services
The company does not really offer IRA services, they mainly offer buying, selling, and trading most forms of bullion.
Is CMIGS a SCAM?
With all its good reviews, CMI Gold & Silver is NOT A SCAM.
They can be trusted and you can rely on them with your investments.
However, they do not really offer IRA Services for you or your retirement funds.
If so, I will go to a much better company to get the investment I need!
For this kind of situation, I would definitely recommend GOLDCO.
GOLDCO is known to be the leader in the precious metals industry, with over a decade of experience helping customers protect their retirement savings.
If you have an IRA, 401(k), 403(b), TSP, savings, or similar tax-advantaged retirement account, a Goldco Specialist can help you protect those assets with a Precious Metals IRA.
Get to know more about them by clicking below!
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Thank you for reading this CMI Gold & Silver Review!